SBA Loans for Solid Waste Landfill

Looking for SBA loans for solid waste landfill? Try the SBA. This $14,400 solid waste landfill loan was issued by an Illinois bank.

This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Jpmorgan Chase Bank, out of Chicago, Illinois. The loan was granted and they received $14,400 to help grow their Elburn, Illinois business.

SBA Loan Borrower

COMPANY TYPE: SOLID WASTE LANDFILL
ELBURN, IL 60119

SBA Loan Lender

JPMORGAN CHASE BANK
ONE BANK ONE PLAZA, 2 S DEARB
CHICAGO, IL 60670

The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

562212 - Solid Waste Landfill

Loan Approval Date

11/21/2005

Loan Approval Gross Amount

$14,400

Loan Approval from the SBA

Of the total $14,400 loan amount, the SBA guaranteed $7,200.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 3 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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